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Saxo’s Client Positioning Overview – Week ending 16th Aug 2024
Hay Thi
Market Specialist
The data below illustrates the week-on-week positioning changes of Saxo Singapore’s clients across various asset classes for the week ending on 16th Aug 2024.
Top 5 Major Stocks with the highest week-on-week % increase in holdings
What does it mean?
- Micron Technology experienced a 4% increase in the number of clients holding the stock after its shares gained more than 16% last week due to overall market strength in semiconductor stocks following softer-than-expected PPI figures.
- Positions in banking stocks such as UOB and OCBC rose too, with a positive % change in net exposure.
Top 5 Major Stocks with the highest week-on-week % decrease in holdings
What does it mean?
- Nike saw 2% decrease in the number of clients holding the stock, despite rebounding from a recent low of $71.09.
- Positions in tech companies such as Palantir, and Meta also declined. The 2.2% increase in net exposure of Palantir is primarily a reflection of stock’s appreciation, while Meta saw a 0.7% decrease in net exposure.
Top 5 ETFs with the highest week-on-week % increase in holdings
What does it mean?
- There is a notable increase in the number of clients investing in Schwab US Dividend Equity ETF, which is designed to provide investors with an exposure to high-quality U.S. companies that have a strong record of consistently paying dividends, offering a potential source of income and long-term capital appreciation.
- We also observe an increase in ETFs tracking U.S. large cap stocks, such as the Vanguard S&P 500 Acc UCITS ETF and SPDR Portfolio S&P 500 ETF, following a recovery from the recent global market sell-off.
Top 5 ETFs with the highest week-on-week % decrease in holdings
What does it mean?
- The ProShares UltraPro QQQ ETF saw 3% decline in the no. of clients holding the ETF, with 13.6% change in net exposure.
- Meanwhile, the Financial Select Sector SPDR ETF experienced 2% decline in number of clients holding the ETF, as well as the highest % decline in net exposure.
Position Change in the Top CFD Indices (week-on-week)
What does it mean?
- The Germany 40 and Australia 20 indices saw the highest increase in % of clients trading last week.
- The EU Stocks 50 index had the largest increase in net exposure while the Japan 225 index saw the biggest decline in net exposure.
- There was a 12.8% decrease in clients with long positions on the Japan 225 index, and an 8.2% decrease in clients with long positions on the US 30 Wall Street.
Position Change in the Most Popular FX pairs (week-on-week)
What does it mean?
- Among FX pairs, GBPJPY had the highest increase in % of clients trading the pair, followed by USDSGD and XAGUSD.
- In terms of net exposure, GBPUSD experienced the highest % increase, followed by USDCAD.
- There was a 11.4% increase in clients holding long positions on GBPJPY. However, there was a 11.1% decrease in clients holding long positions on EURUSD.
Note:
- The percentage change in number of clients refers to the total change in number of clients trading the instruments.
- The percentage change in net exposure refers to the change in total value of positions held by clients.
- The percentage changes are calculated based on a comparative analysis between the data as of the end of trading day on 9 Aug 2024 and 16 Aug 2024.
In Saxo Capital Markets Risk Warning, you will find more information on leveraged products and the associated risks. Trading in financial instruments carries risk and may not be suitable for you. Please refer to Saxo Capital Markets’ fullDisclaimerhere. The information presented are historical and are not indicative of future performance.
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